Danos Companys partial worksheet for the month ended December 31, 2019, is shown below. Open the owners capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $77,000 shown on the worksheet.

	INCOME STATEMENT				BALANCE SHEET
ACCOUNT NAME	DEBIT		CREDIT		DEBIT		CREDIT
Cash					23,500
Accounts Receivable					24,600
Supplies					10,300
Equipment					66,500
Accum. Depr. - Equip.							22,600
Accounts Payable							20,300
D. Danos, Capital							77,000
D. Danos, Drawing					7,300
Fees Income			53,800
Salaries Expense	29,400
Rent Expense	4,100
Supplies Expense	2,050
Depr. Exp. Equip.	5,950
Totals	41,500		53,800		132,200		119,900
Net Income	12,300						12,300
	53,800		53,800		132,200		132,200

Prepare the closing entries for the Danos Companys on December 31, 2019. Post the closing entries to the owners capital account. Prepare a postclosing trial balance.